What is candlestick ?

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Originally Posted by kalex76

it gives the idea about the market movement ,in which position,the market may bounce or go down could be easily traced from such candle sticks patterns like inverted hammer type .Its very easy to guess the mood of the market from this signals.

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YEA ofcourse candlestick is a type pattern used to determine the overall market behaviour

candlestick is a pattern showing market ups and downs price fluctuations

candlesticks are not indicators but patterns.but you can still get signals from them which will work most of the time.the strategy called naked trading is only based on candlesticks.so candlesticks has different patterns and each has a meaning.so l advise you to read a complete e-book about candlesticks.they can give a signal of trend changing breakout reversal anything related to the trend.

ye ek petren ha chart ko dekhney ka or mere khiyal main to forex trading mai all over the world sirf ye ek he petren use hota ha or es main app ko kisi bhi trand ka sahi andaza hota ha ha yeni k es main wazehey tor par nazar a raha hota ha k trande up ha ya down ha

You are right dear its difficult one but for most of senior trader its most reliable one. I know many trader who use this in their trading and along with candlestick they use only one or two indicator and predict from charts only. For them its best on higher time charts lie H4 or D1

Basically its the patten of chart and its the most popular one it gives the clear idea that in partilar time from where market start and its high and low and close of market. This the very easy chart to understand.

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Originally Posted by forexpips

candle stick is what type of signal in forex meta trader and how i read these signal and how i identify that market go up or market go down . their are many question about this and how we find when market go up or how we create a benefit from candle stick . i listen many place that very important of a candle in forex market.

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candlesticks are not a signal man candle sticks is one kind of pattern which is showing the up and down in chart .when u saw the sticks range between up and down it will show the start point and current point of change .like the sticks open for 15 min the first sec the price were 1.3250 so it is going down to 1.3240 which means it will show a filled sticks of 10 pips

on the MT4 platform, there are three types of chart, ie line charts, bar charts and candlestick charts. candlestick chart is a selection fovorit most traders, because it can be learned from the situation or market conditions that typically occur. so often used as a benchmark to predict the next price movement.

i think a candle stick is a bar-chart used to primarily describe price movements in the market of currencies. it is a combination of bar chat and line chart in that each bar represents a range of price movement over a given time interval. most often used in technical analysis

Cadllesticks are japanese charting technique. Candle sticks are is tool used for formation of charts. It shows the current price action. We can also use them for price forcasting. For more detail google it.